Palladyne AI Corp. 8-K Report: Key Financial Insights & Updates

$PDYN
Form 8-K
Filed on: 2024-12-27
Source
Palladyne AI Corp. 8-K Report: Key Financial Insights & Updates

Based on the provided section of the financial report for Palladyne AI Corp. (CIK: 0001826681), here are the key insights and important information extracted:

  1. Entity Information:
  • Company Name: Palladyne AI Corp.
  • CIK Number: 0001826681
  • SEC File Number: 001-39897
  • Employer Identification Number (EIN): 85-2838301
  • Address: 650 South 500 West, Suite 150, Salt Lake City, UT 84101
  • Phone Number: (888) 927-7296
  1. Report Type:
  • The filing is an 8-K form, which is used to report unscheduled material events or corporate changes.
  1. Reporting Period:
  • Start Date: December 26, 2024
  • End Date: December 26, 2024
  1. Stock Information:
  • Common Stock:
    • Par Value: $0.0001 per share
    • Ticker Symbol: PDYN
    • Exchange: NASDAQ
  • Redeemable Warrants:
    • Ticker Symbol: PDYNW
    • Nature: Exercisable for shares of Common Stock
    • Exercise Price: $69.00 per share
  1. Segment Information:
  • The report indicates segments related to Common Stock and Redeemable Warrants, with specific dimensions outlined in the XBRL taxonomy.
  1. XBRL Context IDs:
  • Various context IDs are provided for the different segments, which may be relevant for detailed analysis within the XBRL framework.

Insights:

  • This report suggests that Palladyne AI Corp. is potentially in a transitional phase or may be disclosing significant corporate events as indicated by the 8-K filing.
  • The presence of redeemable warrants with a high exercise price of $69.00 may indicate a strategy to raise capital or incentivize investment in the company's equity.
  • The report primarily focuses on a specific date, which could be indicative of a particular event or milestone reached by the company on that date.

Overall, the report presents crucial information for investors or analysts monitoring Palladyne AI Corp.'s financial status and market activities.